Panel A – Dependent variable: log net value of various components of financial wealth | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
 | Financial wealth in: | |||||||||||
Key regressors | Financial wealth | Stocks, mutual funds, investment trusts | Checking, savings, money market | CDs, saving bonds, T-bills | Bonds, bond funds, other savings | Non-housing financial debt | ||||||
Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | |
Post-Recession | −0.192** |  | −0.221 |  | −0.039 |  | −0.101 |  | −0.346* |  | 0.093 |  |
 | (0.077) |  | (0.141) |  | (0.070) |  | (0.146) |  | (0.201) |  | (0.127) |  |
Post*Migrant HH | 0.078 | 3.19** | −0.361 | 1.83 | −0.128 | 0.54 | 0.089 | 0.28 | −0.063 | 1.51 | −0.021 | 0.27 |
 | (0.170) |  | (0.325) |  | (0.147) |  | (0.199) |  | (0.407) |  | (0.315) |  |
Post*Mixed HH | −0.031 | 3.19** | 0.027 | 1.23 | −0.216* | 1.92 | 0.110 | 0.29 | 0.300 | 1.87 | −0.224 | 0.71 |
 | (0.137) |  | (0.199) |  | (0.118) |  | (0.286) |  | (0.286) |  | (0.230) |  |
N | 7,711 | Â | 3,120 | Â | 8,663 | Â | 2,524 | Â | 2396 | Â | 3,193 | Â |
Dep. Var. Mean | $37,987 | Â | $59,516 | Â | $15,230 | Â | $23,861 | Â | $32761 | Â | $5,271 | Â |
Panel B – Dependent variable: log net value of various components of net total wealth | ||||||||||||
 | Primary home | Secondary home | Other real estate | Businesses | Vehicles | IRAs/Keogh plans | ||||||
 | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat | Coef. (S.E.) | F-stat |
Post-Recession | −0.141*** |  | −0.51*** |  | −0.154 |  | −0.380** |  | −0.208*** |  | −0.250*** |  |
 | (0.031) |  | (0.119) |  | (0.156) |  | (0.181) |  | (0.043) |  | (0.072) |  |
Post*Mirant HH | −0.054 | 10.71*** | 0.232 | 9.80*** | −0.706 | 2.33* | 0.025 | 2.21 | 0.016 | 11.5*** | 0.425** | 8.2*** |
 | (0.069) |  | (0.194) |  | (0.361) |  | (0.264) |  | (0.093) |  | (0.211) |  |
Post*Mixed HH | −0.049 | 11.25*** | −0.253 | 10.6*** | −0.197 | 0.91 | −0.792** | 5.18** | 0.115* | 12.5*** | 0.147 | 6.7*** |
 | (0.049) |  | (0.234) |  | (0.209) |  | (0.332) |  | (0.069) |  | (0.131) |  |
N | 8,579 | 1,805 | 1,745 | 1,179 | 9,205 | 4,759 | ||||||
Dep. Var. Mean | $136,626 | $62,131 | $101,926 | $164,555 | $12.836 | $75,358 |